Indian bank is taking a beat this month because of banks decision of raising equity capital.The stock is down to Rs 298 from a high of Rs 360 in this month. Dirty operators trick is to exploit value And knowledgeable investors with limited capital which is part of game theory. Indian bank is fundamentallystrongest pay bank with EPS of Rs 30. Even after fresh issue of 4.8 cr of shares as recent decision of bankThe EPS after diluted equity will be 27. The stick is available at less than 11 multiple of EPS. Most PSUbanks are quoting above 18 multiple of EPS. So the stock is most undervalued bank. At 15 multiple of present EPS Share is worth Rs 400 not discounting the immense growth the bank has shown. Only point is stock had a low of Rs 100 in year and some profit booking may be genuine but it is in grip of dirty operators seeing se sex as strong as 30000.I expect response from other retail investors.

(All analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)